The analysts forecast the global rennet market to grow at a CAGR of
6.55% during the period 2018-2022.

Rennet is a complex of enzymes produced in the stomachs of ruminant
mammals, which is used as a coagulant in the production of various food
products.

One trend in the market is rising vegan population. With the
continuously increasing consumers preferring vegan diet across the
advanced and emerging economies, the demand for microbial rennet,
vegetable rennet, and FPC has increased in the recent years.

One driver in the market is growing demand for whey protein ingredients.
With the increasing application of whey protein ingredients in food and
beverages, sports nutrition products, and dietary supplements, the
demand for rennet to make liquid whey is expected to increase
considerably in the forthcoming years.

The report states that one challenge in the market is availability of
alternative coagulants. The availability of cheaper alternatives, which
can be used as coagulants for cheese making, highly challenges the
global rennet market. Rennet is highly priced due to various reasons.